Australian Politics Forum - Royal commissioner shows utter contempt for libs

Captain Nemo Gold Member Offline Australian Politics Posts: 13474 Melbourne Gender:	Re: Royal commissioner shows utter contempt for libs Reply #45 - Feb 5^th, 2019 at 1:19pm
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John Smith

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Re: Royal commissioner shows utter contempt for libs
Reply #46 - Feb 5^th, 2019 at 2:01pm

cods wrote on Feb 5^th, 2019 at 7:34am:

can you show me where it says that in that link stuns...all i can find is this..

Quote:

Shorten was the minister responsible for financial services when Labor attempted to legislate a tougher regime called the Future of Financial Advice, or FOFA.

also

Quote:

The Hayne report shows Labor was right on the FOFA reform and the Coalition was wrong to water it down when it got into power after the 2013 election.

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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John Smith

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Re: Royal commissioner shows utter contempt for libs
Reply #47 - Feb 5^th, 2019 at 2:03pm

philperth2010 wrote on Feb 5^th, 2019 at 7:25am:

It would appear as though the Coalition only acted on a RC once the banks gave them permission....This rabble must go???

Roll Eyes

https://www.abc.net.au/news/2019-02-05/big-banks-ask-government-to-call-short-ro...

unbelievable. I wonder what sort of details were included in the 'discussions' mentioned in the letter. The libs are taking us all for mugs.

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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red baron Gold Member Offline Australian Politics Posts: 10204 Blue Mountains Gender:	Re: Royal commissioner shows utter contempt for libs Reply #48 - Feb 5^th, 2019 at 4:39pm John as I understand it, the Farmers who were losing their properties to the banks in their thousands threatened to disembowel the National Party if they didn't support Labor in calls for R.C. Enough Nationals crossed the floor for it to go through
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Aussie

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Re: Royal commissioner shows utter contempt for libs
Reply #49 - Feb 5^th, 2019 at 4:53pm

red baron wrote on Feb 5^th, 2019 at 4:39pm:

John as I understand it, the Farmers who were losing their properties to the banks in their thousands threatened to disembowel the National Party if they didn't support Labor in calls for R.C.

Enough Nationals crossed the floor for it to go through

Name them. (Not one crossed the floor.)

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stunspore

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Re: Royal commissioner shows utter contempt for libs
Reply #50 - Feb 5^th, 2019 at 4:57pm

Aussie wrote on Feb 5^th, 2019 at 4:53pm:

red baron wrote on Feb 5^th, 2019 at 4:39pm:

John as I understand it, the Farmers who were losing their properties to the banks in their thousands threatened to disembowel the National Party if they didn't support Labor in calls for R.C.

Enough Nationals crossed the floor for it to go through

Name them. (Not one crossed the floor.)

True - but they threatened to..like fat George. It made Libs get into the motions of a RC.

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stunspore

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Re: Royal commissioner shows utter contempt for libs
Reply #51 - Feb 5^th, 2019 at 4:58pm

red baron wrote on Feb 5^th, 2019 at 1:10pm:

No I don't feel embarrassed by the fact that I used to support this Government

But I do feel bloody well betrayed by the whole system. I do believe that the government knew full well what was happening in the financial sector. It beggars belief that Malcolm Turnbull was deaf, dumb and blind to what was going on

For heaven's sake he is a qualified barrister and an expert in merchant banking
I believe he was up to his armpits in it

But it was such a big deal that if he had rung the bell on a Royal Commission, his Government would have looked like a bunch of rank amateurs and also that they had the knowledge but refused to act on it because of vested interests

It is no secret that the biggest supporters in Australia of the Liberal Party is the corporate sector

Lots and lots of favours are owed by the Libs to the corporates

In the end Labor managed to rally support for this Royal Commission and brother hasn't it played out well for Labor

Good luck to them this financial Nuclear Bomb needed detonating, even though the consequences of it may well bring on a recession

The Financial sector is a drunk reeling with the power that it has (or had) Now it is time to pay the piper and let the consequences fall where they will

Blood must be spilled and people need to be criminally charged, this is the biggest fraud, hoax, con ever foisted on an Australian public

They need to be hung, drawn and quartered and nothing less than that will do

Used to support the government? From most of your posts, thought you still do.

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Aussie

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Re: Royal commissioner shows utter contempt for libs
Reply #52 - Feb 5^th, 2019 at 5:11pm

stunspore wrote on Feb 5^th, 2019 at 4:57pm:

Aussie wrote on Feb 5^th, 2019 at 4:53pm:

red baron wrote on Feb 5^th, 2019 at 4:39pm:

John as I understand it, the Farmers who were losing their properties to the banks in their thousands threatened to disembowel the National Party if they didn't support Labor in calls for R.C.

Enough Nationals crossed the floor for it to go through

Name them. (Not one crossed the floor.)

True - but they threatened to..like fat George. It made Libs get into the motions of a RC.

Correct, but I want Mr Baron to pause and reflect. His post assumes that the ALP put up the Bill and it got through because Nats crossed the floor.

That just did not happen, Mr Baron.

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Bobby. Gold Member Online Australian Politics Posts: 114641 Melbourne Gender:	Re: Royal commissioner shows utter contempt for libs Reply #53 - Feb 5^th, 2019 at 7:10pm Tonight's ABC news: Royal commission hits banks with a wet lettuce leaf. Bank shares all rise and AMP went up 10% in one day!
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philperth2010

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Re: Royal commissioner shows utter contempt for libs
Reply #54 - Feb 5^th, 2019 at 7:53pm

John Smith wrote on Feb 5^th, 2019 at 2:03pm:

philperth2010 wrote on Feb 5^th, 2019 at 7:25am:

It would appear as though the Coalition only acted on a RC once the banks gave them permission....This rabble must go???

Roll Eyes

https://www.abc.net.au/news/2019-02-05/big-banks-ask-government-to-call-short-ro...

unbelievable. I wonder what sort of details were included in the 'discussions' mentioned in the letter. The libs are taking us all for mugs.

Quote:

National Australia Bank chairman Ken Henry — a former Treasury secretary — sent an email to the then-Treasurer, Scott Morrison, on November 29, 2017, with a draft version of the banks' letter signed by the chairmen and chief executives of the big four.

"Dear Treasurer. Further to our discussions, attached is a draft letter sent on behalf of the major banks. This remains subject to final approval," Dr Henry wrote.

A final version of the letter was sent the following day — with a single, minor change to the wording — and the Turnbull Government immediately responded by announcing it would call the royal commission.

After saying NO 26 times the bastards roll over when the banks give their permission....Utter bullshit???

Angry

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If knowledge can create problems, it is not through ignorance that we can solve them.
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red baron

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Re: Royal commissioner shows utter contempt for libs
Reply #55 - Feb 6^th, 2019 at 7:44am

FOR AUSSIE o.k. they didn't cross the floor but they sure as hell were going to. The Government jumped before they were pushed

Source ABC

Why did the PM change his mind?

What is a royal commission?

With renewed calls for a royal commission into misconduct in the banking industry, find out what that would entail.

Quite simply, because the Government is under pressure.

Malcolm Turnbull responded to a reporter's question on the backflip by saying: "Government policy remains the same until it's changed."

"This was a decision of the Cabinet that just concluded.

"That is the first point I want to stress to you. Obviously, there's been a lot of changes in the political environment here.

Profit at what cost?

The latest allegations against the Commonwealth Bank highlight a deeply disturbing failure, Ian Verrender writes.

"We've got two by-elections under way, the numbers are down in the House of Representatives … you all understand the political circumstances."

The Opposition has been calling for a royal commission for more than 18 months.

Last month, things got a little trickier for the PM when rumblings began on his own side of politics.

Nationals senator Barry O'Sullivan drafted a bill calling for an inquiry into the sector and two of his colleagues threatened to cross the floor to support it

The ABC understands they were on the verge of introducing the bill just before the PM announced the royal commission.

If members of Mr Turnbull's Coalition Government were to break ranks and force an inquiry into the banks, it would be quite embarrassing for him.

Where to from here?

Well, there's a lot we still don't know, but the PM did announce he would appoint a "distinguished serving or former judicial officer to lead the commission".

He also said the budget for the inquiry was $75 million and he wants an final report delivered by February 2019.

Topics: banking, industry, business-economics-and-finance, federal-government, government-and-politics, australia

First posted 30 Nov 2017, 2:59pm

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